With the recent restrictions imposed by the Chinese Government, cryptocurrencies especially Bitcoin have taken a beating, returning all their year-to-date gains. Varun Mittal, Global Emerging Markets FinTech Leader at EY tells us if this has long-term repercussions and will there be other regulatory or compliance risks that we should watch out for.

Image Credit: Shutterstock.com

Produced by: Shazana Mokhtar

Presented by: Khoo Hsu Chuang, Wong Shou Ning, Shazana Mokhtar

Download the BFM mobile app. Stay at home and stay up-to-date.

Tags:  bitcoin,  Cryptocurrencies,  China,  ethereum,  invest,  Financial Services,  Government/Regulatory/Policy Making,  Economy, Markets,  Personal Finance,  Technology news, reviews,  Politics, News, Current Affairs